Jim Cramer Discussed 10 Stocks That Can Do Well in December

2. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 97

Talking about Vistra Corp. (NYSE:VST), Cramer commented:

“Number eight: Vistra… Data centers are electricity hogs. We need more power, ideally of the clean variety. That’s Vistra, merchant of clean electricity with a nuclear kicker, although I still do prefer Constellation Energy for nukes.”

Vistra (NYSE:VST) is an electricity retailer and power generation company that serves a wide range of customers, including residential, commercial, and industrial clients. Recently, it completed its acquisition of a 15% minority stake in Vistra Vision and management noted that it is anticipated to enhance shareholder ownership in Vistra’s zero-carbon assets. This acquisition will notably increase the company’s nuclear generation capacity by approximately 970 megawatts and expand its solar and energy storage capacity by around 200 megawatts.

Vistra (NYSE:VST) has also provided financial guidance for the upcoming years. For 2024, the company anticipates its Ongoing Operations Adjusted EBITDA to fall within the range of $5 billion to $5.2 billion. For 2025, it expects this figure to increase, with a forecasted range of $5.5 billion to $6.1 billion. Furthermore, the company has reiterated its 2026 estimate, forecasting a potential midpoint for Ongoing Operations Adjusted EBITDA of over $6 billion.